Deposit insurance in Iceland is handled by Depositors' and Investors' Guarantee Fund (Tryggingarsjóður) and covers a minimum of 20 887 euros.However, the fund was drastically insufficient to cover the bank failures of the 2008-2010 Icelandic financial crisis, particularly Icesave. This case shows the limits of deposit insurance in protecting against systemic failure (as opposed to the collapse of a single bank or other institution).